Dictator's Daughter Set To Become South Korea's First Female President

Park Geun-hye, whose father ruled South Korea with an iron fist for 18 years, is on course to become the country's first female president, after exit polls and TV networks predicted she would narrowly beat her opponent in one of the country's closest and most divisive elections for years.

For a while after the polls closed on Tuesday evening, the race appeared to be too close to call, with Park's lead over Moon Jae-in, a liberal former human rights lawyer, put at just over one percentage point.

But with a third of the votes counted, South Korea's three biggest TV networks were predicting a definite, if slim, victory for Park, who appears to have overcome resentment towards her father's legacy and accusations that she is too close to the powerful chaebol conglomerates that dominate the South Korean economy.


Read more: http://www.businessinsider.com/park-geun-hye-set-to-win-korea-election-2012-12

South Korea is a good model for the corporate run state.